She will not be replaced as regional president here, but the bank will soon name a city president for Sarasota, bank spokesman Mike McCoy said Friday.

Allen Brinkman, a regional president in Tampa, has added that role for the Southwest Florida region that includes Sarasota, Manatee and Charlotte counties. Kevin Osborne will remain the senior leader in Bradenton.

Callihan's shift comes as Atlanta-based SunTrust has been moving away from a management approach that spanned multiple lines of business, to a leadership structure within each line of business, McCoy said.

SunTrust is the third-largest bank in the Sarasota-Manatee metro area, behind Bank of America and Wells Fargo, with $2.1 billion deposits and 33 offices, according to the latest data from the Federal Deposit Insurance Corp. The bank also ranks third in Charlotte, with $438.7 million in deposits and 10 branches.

Known for her community involvement, Callihan was chairwoman of the Community Foundation of Sarasota County, served on the USF Sarasota-Manatee Campus Board, and the board of the Economic Development Corporation of Sarasota County.

In November, she received the American Jewish Committee West Coast Florida Civic Achievement Award.

She was traveling Friday and could not be reached for comment.

Callihan has been with SunTrust and its predecessor banks since 1978. She came here in January 2005 as chairman, president and chief executive officer of the bank's Sarasota-based Southwest Florida region, a five-county territory that spans Bradenton to Naples.

In South Florida she will succeed Jim Rasmussen, who is retiring on March 31.

<p><em>SARASOTA</em> - Margaret Callihan, who headed SunTrust Bank's Southwest Florida operations for much of the past decade, has been promoted to a new post in Fort Lauderdale.</p><p>Callihan will start the transition next week toward becoming South Florida division president, overseeing Miami/Dade, Broward, Palm Beach and the Treasure Coast counties. Her predecessor retires in March.</p><p>She will not be replaced as regional president here, but the bank will soon name a city president for Sarasota, bank spokesman Mike McCoy said Friday.</p><p>Allen Brinkman, a regional president in Tampa, has added that role for the Southwest Florida region that includes Sarasota, Manatee and Charlotte counties. Kevin Osborne will remain the senior leader in Bradenton.</p><p>Callihan's shift comes as Atlanta-based SunTrust has been moving away from a management approach that spanned multiple lines of business, to a leadership structure within each line of business, McCoy said.</p><p>SunTrust is the third-largest bank in the Sarasota-Manatee metro area, behind Bank of America and Wells Fargo, with $2.1 billion deposits and 33 offices, according to the latest data from the Federal Deposit Insurance Corp. The bank also ranks third in Charlotte, with $438.7 million in deposits and 10 branches.</p><p>Known for her community involvement, Callihan was chairwoman of the Community Foundation of Sarasota County, served on the USF Sarasota-Manatee Campus Board, and the board of the Economic Development Corporation of Sarasota County.</p><p>In November, she received the American Jewish Committee West Coast Florida Civic Achievement Award.</p><p>She was traveling Friday and could not be reached for comment.</p><p>Callihan has been with SunTrust and its predecessor banks since 1978. She came here in January 2005 as chairman, president and chief executive officer of the bank's Sarasota-based Southwest Florida region, a five-county territory that spans Bradenton to Naples.</p><p>In South Florida she will succeed Jim Rasmussen, who is retiring on March 31.</p>